GeoX Software Play and Prospect Assessment

Consistent and comprehensive evaluation of exploration risks and resources

APPLICATIONS GeoX* exploration risk, resource, and value assessment software provides powerful capabilities
■■ Area of interest or undiscovered plays to support your key exploration decisions. It provides consistent, unbiased, and accurate assessment
■■ New venture opportunities of the risked resource potential from single prospects to regional play fairways.
■■ Exploration well decisions Probabilistic modeling for risk assessment
■■ Ranked exploration opportunity portfolio GeoX software enables the modeling of the fullrange of assessment scenarios, reflecting
■■ Forward exploration drilling plan the decision timeline, project maturity, and data availability in prospect and play assessments.
Fully probabilistic capabilities provide a broad range of modeling alternatives including
BENEFITS ■■ multiple depth-dependent representations of volumetrics
■■ Consistent and complete stochastic
■■ advanced fluid modeling
evaluation of exploration opportunities
■■ saturation height functions
■■ Robust handling of multiple
target opportunities ■■ dual-porosity systems and the effects of charge uncertainty.
■■ Undiscovered plays based on assessed Risk models can be customized within a basic shared play risks and conditional local risk framework.
and postulated prospects A flexible Bayesian risk modification scheme supports effective integration of seismic anomaly
■■ Integrated risk, resource, and value indicators. Features in GeoX software can be applied to oil, gas, multiple phase accumulations,
assessment workflows shale gas, shale oil, and coalbed methane opportunities.
■■ Integrated petroleum resource
management
300
■■ Systematic learning through pre-
and postdrilling performance tracking 200
Accumulation size, MMSTB

FEATURES 150
■■ Advanced segment volumetrics 100
■■ Applicable to shale gas, shale oil,
70
and coalbed methane wells
50
■■ Rigorous assessment of shared play risks
■■ Robust functionality to assess risk 30
and volume dependency in prospects
and plays 0 1 2 3 4 5 6 7 8
■■ Unique modeling of fluid scenarios Accumulation number

■■ Extensive trail browsing for quality 0.998

assurance reporting 0.99
■■ Common relational database 0.95
(Oracle or SQL server) 0.9

■■ Integrated postulated, historical, 0.75 Beta down

Probability

and existing prospects 0.5

0.25 Beta up
0.1
0.05

0.01
0.002
30 50 70 100 150 200 300
Total resources, MMSTB

Undiscovered play potential ranked by size.

GeoX Software Play and Prospect Assessment
Play assessment and undiscovered resources
A rigorous play assessment is the basis for the analysis and management
of shared play risks in GeoX software, enabling the evaluation of undiscovered
resource potential in a play or a play fairway. GeoX software provides
advanced analytics for the feature-based assessment of undiscovered resource
potential. The common relational database enables play assessments that
integrate postulated prospects as well as historical and existing prospects.
Tailored reporting formats—such as size-by-rank diagrams—facilitate
comprehensive interpretation and communication of results.
1
0.9
Total Resources by Segment
0.8
0.7
0.6
Probability
Consistent assessment of risks and resource potential
GeoX software honors risk dependency and volume correlations between
assessment units in a play or across different plays. This enables the
consistent assessment of multiple plays by aggregating prospects and
respective segments. GeoX software optimizes the evaluation of the
undiscovered potential in a play, fairway, or basin as well as areas with
stacked plays or any other assessment unit that is relevant to your
exploration decision.
Integrated workflows over a shared, secure database
The GeoX software database provides a platform for integrated assessment
Recoverable BM (15.9)
of segments, prospects, and plays, enabling
Recoverable UM North (16.6)
Recoverable Stor North (77)
■■ risk, resource, and full-cycle economic value assessment and analysis
Recoverable Beta Up (4.75)
Recoverable Beta Down (13.2)
Recoverable West (12.3)
■■ integrated assessment and reserve tracking where assessments
Recoverable East (26.3) of assets can be automatically booked in GeoX software

Total = 56.6, N = 500

0.5 ■■ direct use of map-based prospect assessments from the Petrel*
0.4
E&P software platform.
0.3

0.2 GeoX software is an integrated platform used throughout the exploration

0.1 life cycle. A common relational database, interface, and probabilistic building
0 blocks facilitate sharing and communication of data and experiences across
0 50 100
Total resources, MMSTB
150 200 projects, teams, and disciplines.
Probabilistic assessment of resources in a multisegment prospect.

Prospect assessment
Given different levels of risk dependencies and volume correlations
between segments, GeoX software provides robust functionality
to assess prospect level chance-of-success and success case resources.
A shared-risk approach enables multiple overlapping risk dependency
groups that can capture the essential elements of your geological interpretation.
GeoX software supports rapid and flexible definition and redefinition
of prospects based on the analysis of constituent segments stored in
the GeoX software database. Unique modeling capabilities support
integrated and explicit representations of fluid communication scenarios.
Extensive trial browsing assists in quality assurance reporting and
interpreting assessment results.

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